Nigerian music star Davido launched cryptocurrency $Davido on Solana's blockchain, reaching top spot on DEX Screener, but later declined by 95%.
Nigerian music star Davido launched his own cryptocurrency, $Davido, which quickly climbed to the top spot on DEX Screener after its release. The token, running on Solana's blockchain, attracted significant attention, particularly from Davido's fanbase in Nigeria. However, the coin's value declined by 95% from its highest level since launching, causing concerns that it might have been a "rug pull".
May 30, 2024
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